Boeing Lost Orders for 150 Max Jets in March
- Half of cancellations due to previously announced Avolon cut
- Planemaker wins new Dreamliner orders despite travel collapse
Photographer: David Ryder/Bloomberg
This article is for subscribers only.
Boeing Co. lost orders for 150 of its beleaguered 737 Max aircraft last month as travel bookings plunged because of the Covid-19 pandemic, squeezing airlines and aircraft lessors.
Half the cancellations were previously announced by Avolon Holdings Ltd., the world’s No. 3 jet lessor. In addition, Brazil’s Gol Linhas Aereas Inteligentes SA trimmed 34 planes from an earlier deal. Smartwings Slovakia SRO scrapped orders for five aircraft, while unidentified customers opted out of 35 sales of the Max, which has been grounded for more than year after two fatal crashes.